The stock market is now the world’s biggest casino
The stock market, despite appearing different from casinos, increasingly resembles one due to insider trading and potential manipulation.Summary
The article argues that the stock market is becoming indistinguishable from a casino, particularly due to the advantages held by those with insider information. While brokerage houses now offer commission-free trades, creating a seemingly zero-sum game, insider trading allows some to profit unfairly. The author points to a recent example where market activity surged before a false announcement by Donald Trump, suggesting manipulation to benefit investors. The author believes Trump intentionally allows such activity to appease wealthy investors affected by his policies. Ultimately, the piece contends that the pursuit of material gain has overtaken ideals of freedom in America, and the stock market exemplifies this shift, becoming a rigged game where “suckers” are at a disadvantage.
(Source：New York Daily News)